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NYSE targets weekend investors with new blockchain platform for 24/7 stock trading
Source: CryptoNewsNet Original Title: NYSE targets weekend investors with new blockchain platform for 24/7 stock trading Original Link: The New York Stock Exchange (NYSE) on Monday announced plans to introduce an around the clock blockchain-based tokenized stocks and exchange-traded funds trading venue later this year.
NYSE executives said the project will use their technology to match buyers and sellers, combined with private blockchain networks, to enable real-time tokenized securities trading. The new platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding.
“Supporting tokenized securities is a pivotal step in ICE’s strategy to operate onchain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance,” said Michael Blaugrund, vice president of strategic initiatives, at the Intercontinental Exchange Inc., which owns the NYSE.